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Yesterday, I took a look at BP's (BP) plans to test a new cap on the oil spill in the Gulf of Mexico. Well, late yesterday, the company announced that the rather important test on the efficacy of the new cap will be delayed until today - the test was supposed to start late yesterday. The company announced that it could take at least six hours to see results, but it may take as many as 48 hours. Basically, we are in a wait-and-see mode but the Gulf Coast may not have a lot of time. If you are interested in whether or not the well is working, reports say that BP "hopes" that the well will withstand internal pressure of 8,000 to 9,000 pounds per square inch roughly six hours into the new cap experiment. BP oil disaster posts
FeedDelays Besiege BP's Latest Cap Effort
Yesterday, I took a look at BP's (BP) plans to test a new cap on the oil spill in the Gulf of Mexico. Well, late yesterday, the company announced that the rather important test on the efficacy of the new cap will be delayed until today - the test was supposed to start late yesterday. The company announced that it could take at least six hours to see results, but it may take as many as 48 hours. Basically, we are in a wait-and-see mode but the Gulf Coast may not have a lot of time. If you are interested in whether or not the well is working, reports say that BP "hopes" that the well will withstand internal pressure of 8,000 to 9,000 pounds per square inch roughly six hours into the new cap experiment. Exxon Mobil and Chevron Executives Say BP Spill Unlikely to Repeat
In the wake of the environmental disaster stemming from the BP (BP) oil spill in the Gulf of Mexico, Congress summoned oil officials to testify over the safety of their offshore drilling.The oil spill that started back on April 20 when one of BP's offshore drilling platforms exploded continues to leak into the ocean, and could take up to another two months to stop. Following the accident, President Obama imposed a six-month moratorium on deep-water drilling and Congress is now trying to determine the likelihood of another disaster taking place.
Continue reading Exxon Mobil and Chevron Executives Say BP Spill Unlikely to Repeat
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